TD Cowen Analyst Maintains Buy Rating for Credo Technology Group Holding Ltd with $140 Price Target

Credo Technology Group Holding Ltd (CRDO) has received a new Buy rating from TD Cowen analyst Joshua Buchalter with a $140 price target. The analyst consensus is a Strong Buy with an average price target of $109.36, implying a -5.96% downside from current levels. The company's one-year high is $128.56 and one-year low is $24.08. Corporate insider sentiment is negative due to an increase in insider selling over the past quarter.

Credo Technology Group Holding Ltd. (CRDO), a fabless semiconductor company specializing in high-speed connectivity solutions for data centers, enterprise networks, and AI infrastructure, has received a new Buy rating from TD Cowen analyst Joshua Buchalter. The analyst set a $140 price target on the stock, reflecting a significant upward revision from previous estimates. Buchalter's positive outlook is part of a broader trend of analyst upgrades for CRDO, with the consensus now favoring a Strong Buy rating with an average price target of $109.36, implying a potential downside of -5.96% from current levels.

The latest analyst upgrade comes amidst a wave of positive developments for CRDO. Mizuho Securities recently raised its price target for CRDO to $135, citing the company's expected benefits from AI server deployments at major tech companies like Microsoft, xAI, and Amazon. Additionally, Mizuho anticipates that CRDO will add two key customers by the end of fiscal 2026, which is expected to enhance the company’s revenue profile [1].

Institutional investors have also shown strong interest in CRDO, with several hedge funds and other institutional investors increasing their stakes in the company. Fox Run Management L.L.C., for instance, raised its stake by 342.4% during the first quarter, owning 17,237 shares of the company's stock [2]. The company's strong performance and positive analyst sentiment have driven its stock price, which reached a one-year high of $128.56 and a one-year low of $24.08.

However, corporate insider sentiment remains negative due to an increase in insider selling over the past quarter. CEO William Joseph Brennan sold 46,444 shares, and CFO Daniel W. Fleming sold 3,790 shares, totaling 1,274,583 shares sold by insiders in the last three months [2]. This selling activity represents a 16.04% decrease in insider ownership, which could signal a cautious outlook among the company's top executives.

Despite the mixed insider sentiment, CRDO continues to attract analyst attention, with several other analysts also upgrading their ratings and price targets. Susquehanna, for example, raised its price target from $90.00 to $115.00, and Roth Capital set a $95.00 price target on the stock [3]. The company's strong revenue growth, driven by high-speed connectivity solutions for data centers and AI infrastructure, has positioned CRDO as a promising investment opportunity in the semiconductor sector.

In conclusion, Credo Technology Group Holding Ltd. (CRDO) has received a new Strong Buy rating from TD Cowen analyst Joshua Buchalter, with a $140 price target. The positive analyst sentiment, coupled with strong institutional interest and the company's robust revenue growth, presents an attractive investment opportunity. However, investors should also consider the negative insider sentiment and the potential downside risk implied by the analyst consensus.

References:
[1] https://finance.yahoo.com/news/mizuho-increases-credo-technology-crdo-043406176.html
[2] https://www.marketbeat.com/instant-alerts/filing-fox-run-management-llc-buys-13341-shares-of-credo-technology-group-holding-ltd-nasdaqcrdo-2025-08-17/
[3] https://www.ainvest.com/news/credo-technology-group-price-target-raised-135-mizuho-analyst-vijay-rakesh-2508/